Insurance Regulation
SEC Fraud Case Against Goldman Sach’s ‘Abacus’ Trader Goes to Trial
The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis. Jury ...
Senate Told Fed Is Confined to Bank-Based Approach for Insurers
The Federal Reserve is working to modify a bank-based capital model to cover insurance companies as much as they can under Dodd-Frank Act restraints, Fed Governor Daniel Tarullo told lawmakers at a ...
Form F, ORSA Rules Open New Windows For Insurance Regulators
Executives of property/casualty insurers are getting comfortable with the idea that they have to file Enterprise Risk Reports and Own Risk and Solvency Assessments (ORSA) with U.S. insurance ...
Dodd-Frank Rules Should Be Mostly Complete By End of 2013, Say Regulators
Dodd-Frank Act measures designed to prevent a repeat of the global credit crisis will be largely complete by the end of this year, financial regulators plan to tell lawmakers at a hearing today on ...
Insurance Regulators Brace For Technology-Related Issues
Should auto insurers be able to monitor the sleep patterns of their policyholders? The question is not as far-fetched as it seems in a world where carrier creativity and technology advances ...
Myths About The Federal Insurance Office
In the aftermath of the recent financial crisis, Congress created the Federal Insurance Office (FIO) to ensure it had information about the insurance industry. To understand what the FIO means to the ...
Insurer Insolvencies Fuel Director Liability; Board Roles Becoming More Complex
Member of boards of directors of insurance companies are increasingly concerned about lawsuits they might face in troubled situations—and they should be, according to a former insurance regulator. ...
Looking Ahead: Corporate Governance Filings
At the NAIC's spring meeting in April, the organization's Corporate Governance Working Group moved a step closer to implementing new corporate governance requirements for insurance companies by ...